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Exovolar Industries
Techstars '22Union City, US · 3 employees on LinkedIn · 3 known investors
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Exovolar develops autonomous vertical takeoff and landing (VTOL) air mobility vehicles for individual urban transportation. The company is building compact, single-passenger aircraft with handsfree autonomous capabilities.
Also known as Exovolar · Exovolar Industries Corp
Investors · 3
How we know: the Techstars portfolio · open dataset · Top 3000 Accelerator Startups (no YC) 2026-08 · research · caplight.com · Not right? Tell us
Also in the syndicate · 2
Valuation · disclosed
Disclosed eventsSource: SEC prospectus filings, and round valuations the company or its investors disclosed — follow each entry's link for the claim.
Company profile
researched Sep 2026Exovolar Industries Corp is a New Jersey-based aerospace company working on wearable personal air mobility. Its core system is a jet-powered, hands-free exoskeleton ("Jet Suit") intended to let a single operator fly and hover while keeping their hands free to perform tasks; the company describes an autonomous hands-free prototype. Related keywords associated with the company include thrust vectoring, autonomous flight, powered exoskeletons, jetpacks and VTOL.
Alongside the wearable system, the company markets "The Pod," a single-occupant VTOL vehicle concept and early prototype intended to carry one person across a metropolitan area, and offers specialized UAV consulting work supporting US/China collaborations, referencing China's 2024 low-altitude economy. The company is categorized under aviation and drones, defense technology and industrial robotics, with an application-layer AI positioning.
Business model
Business-to-business, with revenue channels identified as hardware sales, government contracts, and services/consulting. The website invites inquiries for each of its three offerings (The Pod, UAV consulting, and the Jet Suit) rather than listing standard pricing.
Reported revenue channels are hardware sales, government contracts, and consulting/services engagements.
Traction
Total funding raised reported at $94,930 across a 2022 equity crowdfunding campaign, a Techstars accelerator investment and a New Jersey state grant. Headcount is reported at three employees.
Latest developments
The company's website promotes three lines: The Pod single-person VTOL concept/early prototype, an autonomous hands-free Jet Suit prototype, and specialized UAV consulting for US/China collaborations tied to China's 2024 low-altitude economy.
▸Full profile — market position, technology, go-to-market, geography, history
Market position
A small, early-stage entrant in personal air mobility and jet-suit flight systems; comparables cited include JetPack Aviation, Lockheed Martin and Palladyne AI.
Technology
Jet-powered powered exoskeleton providing hands-free flight and hover through thrust vectoring, plus autonomous flight capability and embedded AI at the application layer. A separate single-passenger VTOL vehicle (The Pod) is at concept/early prototype stage, and the jet suit is described as an autonomous hands-free prototype.
Go-to-market
Direct inquiry-based sales and consulting engagements via the company website, supported by a bilingual (English/Chinese) presence. The company also raised capital from retail investors through an equity crowdfunding campaign on StartEngine.
Government and defense buyers, industrial and aerial-work operators, and organizations seeking UAV consulting for US/China collaboration projects; personal flight products are aimed at individual air mobility use.
Geography
Headquartered in Union City, New Jersey, United States, with a bilingual English/Chinese website and consulting work oriented toward US/China collaborations.
History
Founded in 2019 and based in Union City, New Jersey. In March 2022 the company closed a Regulation Crowdfunding offering on StartEngine priced at $5.28 per share on an $8.8M valuation, with a funding goal range of $10K to $1.07M. In July 2022 it took part in Techstars with a $20K investment, and in August 2022 it received a $75K grant from the New Jersey Commission on Science, Innovation and Technology.
Compiled by commissioned research from 4 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Timeline · 3
launches, deals, and filings$75K grant from the New Jersey Commission on Science, Innovation and Technology.
$75K source ↗
Equity crowdfunding campaign offering common stock at $5.28 per share on an $8.8M valuation, with a funding goal of $10K to $1.07M and a deadline of March 17, 2022; the offering is now closed.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
▸Research sources · 4
primary sources listed
- Exovolar Industriesexovolar.com · web
4 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Exovolar Industries do?
- Exovolar Industries develops hands-free jet-powered personal flight systems and single-passenger VTOL air mobility vehicles.
- Who are Exovolar Industries's investors?
- Exovolar Industries's investors include Techstars.
- Where is Exovolar Industries headquartered?
- Exovolar Industries is headquartered in Union City, US.